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Mace to grow globally to achieve £1bn turnover aim by 2012

Mace is aiming to be a £1 billion company by 2012 and will continue to spread its global footprint to achieve its aim.

To boost its balance sheet, Mace is targeting new international markets with the international arm of the business worth £70 million in 2008, compared with £43.6 million in 2007.

Since January, Mace has won their first ever jobs in 11 countries including Bulgaria, Syria, Egypt, Nigeria and Vietnam. The firm is now targeting opportunities in China and the USA.

Mr Pycroft said: “America was never really on our radar until a client asked us to take a trip out there recently.”

The firm revised its turnover target for 2009 from £700 million to £690 million in light of the recession. More than 80 per cent of this target has already been secured in contract wins.

The target for 2010 has been revised from £800 million to £710 million with 57 per cent secured, while 2011’s target has been adjusted from £900 million to £870 million with 18 per cent secured.

Mace is also putting extra focus on winning public sector work in the UK, which already provides 50 per cent of the firm’s turnover. New staff are being recruited to help Mace win places on public sector frameworks.

A particular focus is being placed on securing work through the Ministry of Defence work, the NHS’ ProCure 21 framework and the Building Schools for the Future programme.

“We are hiring people with particular expertise,” said Mr Pycroft. “If you are not on frameworks you cannot win the work. We are also looking at a few joint ventures and have a few in the pipeline.”